Your Greater Pittsburgh Real Estate Market Report
The West Penn MLS Active Listings Increased 6%
Number of Homes Sold Increased 5% in December 2025 compared to 2024, in total 99 more homes sold. The average sold price increased 4% for December 2025 at 289k compared to December 2024 at 278k. There were 389 price reductions in the last 7 days compared to last month this time we had 436. I'm looking at the current under contract and pending properties and there is about 11 weeks of inventory available (we call this absorption rate), and has increased slightly from 10 weeks a year ago. There are 83 more current pending home sales right now, compared to last year at this time according to the West Penn MLS and (this is a interesting stat) 150 more than 2024. To summarize…more homes sold in December, and January seems to be running alittle ahead of last year & 2024 with more homes pending to sell and prices were up a bit too. Hard to say if buyers are getting it, that prices are probably going be jumping even higher over the next 18-12 months if the economy and interest rates all continue to get more in line.
If am going to predict the market over the next few months...
With the interest rates conversation being that rates should come down in time, prices are only going to go higher. Also real estate should respond in a big way in numbers of homes sold in the next 6-9 months. Hard to say for sure, no one can predict the future. I had been saying. “2025 is going to be GOOD!” I was kind of wrong.
“2026 is going to be a break out year and a run for the next 3 to 5 years”
In the last 7 days 552 homes have gone under contract with buyers. While there were 459 new listings that entered the market.
There are 2,587 homes under contract preparing to close in the next 2-6 weeks compared to 3,099 homes under contract last month at this time and 2,504 in January 2025.
Demand is seems to be picking up in early January for 1)well marketed, 2)desirable & 3)effectively priced homes. Multiple-Offers over asking price is not happening all that much and waiving of home inspections is not happening much at this time.
“2026 is going to be a break out year and a run for the next 3 to 5 years”
Historic Count of Active Listings
Would you check out my listings and see if you know someone that would benefit from working with me. Thanks - Nick
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